[Federal Register Volume 81, Number 228 (Monday, November 28, 2016)]
[Notices]
[Pages 85562-85564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28468]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewals; Comment Request (3064-0112, -0125, -0127 & -0175)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of existing 
information collections, as required by the Paperwork Reduction Act of 
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment 
on renewal of the information collections described below.

DATES: Comments must be submitted on or before January 27, 2017.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Jennifer Jones (202-898-6768), Counsel, MB-3105, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, 
DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Jennifer Jones, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Real Estate Lending Standards.
    OMB Number: 3064-0112.
    Form Number: None.
    Affected Public: Insured State Nonmember Banks and State Savings 
Associations.
    Burden Estimate:

 
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                                                                 Estimated        Estimated     Estimated  time                            Total annual
                                          Type of burden         number of        number of      per  response        Frequency  of         estimated
                                                                respondents       responses         (hours)             response         burden  (hours)
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Real Estate Lending Standards.......  Recordkeeping.........           3,878                1               20   On Occasion...........          77,560
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    General Description of Collection: Institutions use real estate 
lending policies to guide their lending operations in a manner that is 
consistent with safe and sound banking practices and appropriate to 
their size and nature and scope of their operations. These policies 
should address certain lending considerations, including loan-to-value 
limits, loan administration policies, portfolio diversification 
standards, and

[[Page 85563]]

documentation, approval, and reporting requirements.

    2. Title: Foreign Banking and Investment by Insured State Nonmember 
Banks.
    OMB Number: 3064-0125.
    Form Number: None.
    Affected Public: Insured State Nonmember Banks.
    Burden Estimate:

 
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                                                                                                    Estimated                              Total annual
                                                                    Estimated       Estimated       time per                                 estimated
                                            Type of burden          number of       number of       response     Frequency  of  response      burden
                                                                   respondents      responses        (hours)                                  (hours)
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Notice of foreign branch               Reporting...............               1               1               2  On Occasion............               2
 establishment or foreign branch
 closure (303.182(a) and (d)).
Prior notice (45 days) of foreign      Reporting...............               1               1               6  On Occasion............               6
 branch establishment (303.182(b)).
Application to establish a foreign     Reporting...............               1               1              40  On Occasion............              40
 branch or to engage in certain
 activities through a foreign branch
 (303.182(b)).
Notice of foreign investment           Reporting...............               1               1               2  On Occasion............               2
 (303.183(a)).
Prior notice (45 days) of investment   Reporting...............               1               1               6  On Occasion............               6
 in foreign organizations
 (303.183(b)).
Application to invest in foreign       Reporting...............               2               1              60  On Occasion............             120
 organizations, or to engage in
 certain activities through foreign
 organizations (303.183(b)).
Notice of foreign divestiture          Reporting...............               2               1               1  On Occasion............               2
 (303.183(d)).
                                      ------------------------------------------------------------------------------------------------------------------
    Total Reporting Burden Hours.....  ........................  ..............  ..............  ..............  .......................             178
                                      ------------------------------------------------------------------------------------------------------------------
Supervision and Recordkeeping of       Recordkeeping...........              20               1             400  On Occasion............           8,000
 Foreign Activities.
                                      ------------------------------------------------------------------------------------------------------------------
    Total Recordkeeping Burden Hours.  ........................  ..............  ..............  ..............  .......................           8,000
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    General Description of Collection: The Federal Deposit Insurance 
(FDI) Act requires state nonmember banks to obtain FDIC consent to 
establish or operate a branch in a foreign country, or to acquire and 
hold, directly or indirectly, stock or other evidence of ownership in 
any foreign bank or other entity. The FDI Act also authorizes the FDIC 
to impose conditions for such consent and to issue regulations related 
thereto. This collection is a direct consequence of those statutory 
requirements.
    3. Title: Occasional Qualitative Surveys.
    OMB Number: 3064-0127.
    Form Number: None.
    Affected Public: Insured Depository Institutions and Their 
Customers.
    Burden Estimate:

 
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                                                                 Estimated        Estimated     Estimated  time                            Total annual
                                          Type of burden         number of        number of      per  response        Frequency  of         estimated
                                                                respondents       responses         (hours)             response         burden  (hours)
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Occasional generic qualitative        Reporting.............             850               15                1   On Occasion...........          12,750
 surveys.
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    General Description of Collection: The FDIC is requesting renewal 
of this approved collection to use occasional qualitative surveys to 
gather information from the public. In general, these surveys do not 
involve more than 850 respondents, do not require more than one hour 
per respondent, and are completely voluntary in nature. It is not 
contemplated that more than 15 such surveys will be conducted in any 
given year. The purpose of the surveys is, in general terms, to obtain 
anecdotal information about regulatory burden, problems or successes in 
the bank supervisory process (including both safety-and-soundness and 
consumer-related exams), the perceived need for regulatory or statutory 
change, and similar concerns. The information in these surveys is 
anecdotal in nature, that is, samples are not necessarily random, the 
results are not necessarily representative of a larger class of 
potential respondents, and the goal is not to produce a statistically 
valid and reliable database. Rather, the surveys are expected to yield 
anecdotal information about the particular experiences and opinions of 
members of the public,

[[Page 85564]]

primarily staff at respondent banks or bank customers. The information 
is used to improve the way FDIC relates to its clients, to develop 
agendas for regulatory or statutory change, and in some cases simply to 
learn how particular policies or programs are working, or are perceived 
in particular cases.
    4. Title: Interagency Guidance on Sound Incentive Compensation 
Practices.
    OMB Number: 3064-0175.
    Form Number: None.
    Affected Public: Insured State Nonmember Banks and State Savings 
Associations.
    Burden Estimate:

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                                                                 Estimated        Estimated     Estimated  time                            Total annual
                                          Type of burden         number of        number of      per  response        Frequency  of         estimated
                                                                respondents       responses         (hours)             response         burden  (hours)
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Annual maintenance of policies and    Recordkeeping.........           3,878                1               40   Annual................         155,120
 procedures.
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    General Description of Collection: The Guidance on Sound Incentive 
Compensation Practices helps ensure that incentive compensation 
policies at insured state nonmember banks and state savings 
associations do not encourage excessive risk-taking and are consistent 
with the safety and soundness of the organization. Under the Guidance, 
banks are required to: (i) Have policies and procedures that identify 
and describe the role(s) of the personnel and units authorized to be 
involved in incentive compensation arrangements, identify the source of 
significant risk-related inputs, establish appropriate controls 
governing these inputs to help ensure their integrity, and identify the 
individual(s) and unit(s) whose approval is necessary for the 
establishment or modification of incentive compensation arrangements; 
(ii) create and maintain sufficient documentation to permit an audit of 
the organization's processes for incentive compensation arrangements; 
(iii) have any material exceptions or adjustments to the incentive 
compensation arrangements established for senior executives approved 
and documented by its board of directors; and (iv) have its board of 
directors receive and review, on an annual or more frequent basis 
operation of the organization's incentive compensation system in 
providing risk-taking incentives that are consistent with the 
organization's safety and soundness.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collections, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collections of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 22nd day of November 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-28468 Filed 11-25-16; 8:45 am]
BILLING CODE 6714-01-P